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THIS INDENTURE, AMd~ the ath day of Febrll~ry A.D. 19 74
- bet~vean
George F. Arata~ Jr. and Jacyueline B. Arata, his »ife
of St . Lucie ,~nty Florid~, F+ereinaffer desgnaled a~ the "MORiCaAGOR," and FIRST fE~ERAI SAVlNGS AND IOAN
ASSQCIAiION Of fpRT PtERCE, • corporation o~ganized e~d exisring unde+ the laws o( the U~~ted Statas of Ame~ica and having its principal place of
buiineu in tM City of Fort Pieres, St. lucie Gounty, ftorida, hereinafter des'ynated +s. ~he "MORiGAGEE:'
WHEREAS the MORTGAGOR ia j~stly indebted ro tl+~ MORTGAGEE in the sum of = 26~ Q~Qa~ good and lawfu! money of the Un~~ed
Sfatet advanced by the MORTGAGEE unto the MORTGAGOR, as evidenced by a certain prom~ssory note of even date herew~th, of whrch the tollow~ng in ~
wordi and figurei is a tr~e copy, to-wit: ~
i
= 26~~~0_00 ~ ~Q020620 ~
Fo.r r~rc.. frorid., Februarv 8 ~y~ ~
Fa vatue received, t, we or either of us, promiu to pay, wi~hout defa:ca~~on, to the crder of FIRST FfDERA~ SAVI(3GS AND LOAN ASS~CIATION OF
FORT PIERCE at Fort Pierce, Florida, the sum of f 26.*Q~~ ~ with intrre~t (rorn date et the rate of ~n per annum, in monthly install-
~nents as foltows: S 230~~ on the ~tl day of May 19 and a like sum on tM correspond~ng day of each month thcre-
at~er until the whole be fully paid.
Each installment tirst shall be applied in payment of the interest and then on the unpaid bala~ce of the princ~ps) sum. If dcfault is made in the
F:ayment of any installment when due, a~d such defautt continues 30 days, the~ at the option of the holder, a~d without any other not~ce, all the remai~ing
;~,srallments sha{I be due and pa~rable at once. Privilege is given to prepay this ~wte in whole or in p~rt st sny time without penalty. Neither fwebearance,
nor acceptance by the holder thervof aiter any default in any payments hereo~, shall be deemed exlensian. A late payment charge of S- 11 •~'Yshall be
added to each installment rema~ning unpaid 7 days after its due date, and a iike sum shall be added to each such instaUment remaining unpaid 7 days aFter
each succteding payment date.
Each maker, surety and endorser he~eof, jointly and severaliy, waives dema~d, p~esentment protest and notice of p~otest fw nonpayment, and further
agrees to any eztension of t~me of payment, eithe~ lxfore or after maturity, wirhw? not~ce to any of us; and ?o pay all costs of collectlon, includ:ng a
rresonable attwney's fee en the tvent oF any defau~t heteunder, and hereby severally waives ell benetit of homestead and exemption under the constitutan
a~~d laws of each State of the United States, as againsl thia obligation w any eztension w renewsl hereof,
Wit~ess the hsnd and seat of each party.
. ~,l Georoe F. Arata, _)r_ ~qt)
~ ~ * . . • ' (SEAI)
1
(SEAL)
S 39.00 Jaccueline B_ Arata ~~U
( 1 State Revenue
Ebter*P~ <aneeiFed-on-origi~aF-~o~e} - ~
NOiN, THEREFORf, the MORTGAGOR for t}K purpose ot sccuring payment of said sum of j 26 , and the performarxe of the
covenants and sgreements hereinafter expressed, and fw d~vers good and valuable cons~derations, by these presents, dces grant, ba.yain, selt, remtse,
release, mnvey and confirm unto the MORTGAGEE, its iuccessors and assigns, all tha~ certa~n lol, piete w percel oE land, situate, lying, and being in the
Couny of St . Lueie and 5tate of Fbi,da, dexribed as follows:
The North ~ of the South of the ~ast 4 of Section 10, Township
y""' 3~ South, Range 38 East,
. ~
~ 10GE?~R with a perpetual right of ingress and egress over and
~ ~ across:
~ ~A 50-fcot easement lying in Section 11, Township 37 South,
~ ~~1 Range 38 ~a,st, for ingress and egress being described as
~ folloavs: From the intersection of the West line of Section
~f~t':~;~~ 11, and the North~resterly line of a right-of-~ay for Glades
Cut-off Road, run Northeasterly along said right-of-way
7; A line 42 feet, more or lPSS, to the point of beginning;
'~~~L n thence at right angles run North~resterly 40 feet, more or
~.;Z ~ -
i-~. ~ W less to the Southeast corner of the North ~ of the South •
4 of ~the East of Section 10; tt~ence run North along the
: J~ q~ section line b9 feet, more or less; thence run Southeaster.ly ~
- 88 feet, mare or less, to the Northpesterly line of
~~~~J'}~ aforesaid rig}tof-~vay; thence run Southrvesterly SO feet to the ~~l
' ~ Z p Point of Beginning. pJ
i RECEIYED ~~Z IN~MENT OF TAX~S
j ;-~',Y ~E D'JE ON CU1SS'C INTMlGIBLE P~3SQ~.+I P".1°ERIY,
f . PURSUM'YT TO CFIAPIF° 71-1~~t. A~~S i:F ;'~I1.
~ ROCE3 °JITi'.A':
CLERK CIRCUII OOIiRI, St. LCC1! CO., FIA
together w7th sll and singular the tenements, hereditaments and appurtsnccs thereunto belonging w in snyvrise appertai~ing thereto, and alt rents, issues,
proceeds and prolits acuuing and to accrue irom said premises, al! of which are included in tF?e sbove and foregoing deuripYwn and habendum.
F
; TO HAVE AND TO HOtD the above desuibed snd g~aMed prem~ses unto the said MORTGAGEE, its successon and auigns fwever. And tl» ssid
; tll@].t
:VIORTCaAGOR for heirs, executors, admi~istrato~s and assigns, hereby covena~ts with the said MORTGAGEE, its successors and ~uiyro,
t~ a1e lawfully seized of the said premises i~ fee simplr, that the same are free, dear and d'ischarged from all liens and enc~rt?~
thaf
brances in Isw or in equity, and that t~y_ will and their hein shsll wirrant and defend the title ro the same to the said
MORTGAGEF, its successors and assgns, fwever agai~st the lawful claims and demands of sll persores;
PROVIDED, AlWAYS that if the MORTGAGOR shatl pay unto the MORiGAGEE tFx p~omissory note hereinbefwe described snd shsll truly, promptly
and fvlly perform, d~xharge, execute, compkte, comply with and abide by each and every the stipulations, agreements, conditions and covcnanri of said
promissory note and of this 1Mortgage, then thi~ Mortgsge and the Estate hereby crested shalt cease and be nult and votd.
tT IS UNDERSTOOD that the word "Mortgsgor" whe~her in the singular or plural anywhere in thi~ Mwtgsge, sF?aU be singular if one only and
; shall be plura! jointly snd severally if more than one, and that the wwd "their" as used anywhere in this Mwtgage sh~ll be taken to mean "hii;' "F~en;'
or "its;' wherever tne context so implies or sdmits. Also, that wherever the~e is a refe~ence in the tovenann ~nd agreemenri herein contained to any of
the parties hereto, the same sl+all be construed to mea~ as we!! as the heirs, legal representitives, tuccesson snd assigns (either volumary by ad of fhe
partiei or invoiuntary by operat'an of the law) of the same and thar the covenants herein contained shall bind and the benefits and advantages i~ure
' ro the respective heirs, legal representatives, successors ar?d au~gns of the parties hereto.
i
~ ' And said Mortgagors, fw tlxmselves and their heirs, legal representatives, successors and augns, hereby jointly and severally covenant and agree
fo arx! with the said MORTGAGEE, its successws and assigns:
1. To pay all and singular the principal and interest arxl the various and sundry sums of money payable by virtue of said promissory note, and this
i mortgage, escF~ snd every, prompNy on the days respedively the same severally become dve.
2. To psy •II snd singvlsr the taxes, assessments, levies, liabil+rie~, obligarions and encumbr~rxes of every nature and kind now on isid dewibed
property, w that hereaiter may be imposed, suffered, placed, levied, w assessed thereon, p thal heresfter may be levied or assessed upon this Mortg-
age, w the indebtcd~ess secured hereby, each and every, when due and psyabte, according fo law, before they become delinqutm, ind befwe sny interest
atraci+es or any penalty is intuned; AND tNSOFAR AS ANY THEREOF IS OF RKORO iHE SAME SHAII BE PROMPTLY SATISFIED AND DISCHARGEO OF
RECORD AND THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS, iOR INSTAkCE, THE 1AX RECEIPT OR THE SATISFACTtON PAPER OfFICiAIIY ENDORSEa
OR CERTIFIED) SHAIL BE PLACED iN TNE HANOS Of SAID MORTGAGEE WITH)N TEN DAYS NEXT AFTER PAYMENi; and in the event that any ~hereof is not
paid, sst-sfied and discharged sa+d MORTGAGEE may at any time pay the same w any part thereof without waivi~g w ~ffecting any optio~, lien, equity p
.iqht under or by virtue of this mortgage and the full amount of each and every such payment shsN be imme~~ately due and payable and shall bear inferest
s•om the dare thereof until pa;d at rate of nine per centum pe~ ann~m ~'1~ ~th such ' all be secu.ed by the Iien of th:s rtwrgtage.
't~'_~'.!~l~~~ F~tiGE